EPR Properties (NYSE:EPR) Plans May 25 Dividend of $0.30

EPR Properties (NYSE:EPR) declared a may 25 dividend on Thursday, May 15th, RTT News reports. Investors of record on Friday, May 30th will be paid a dividend of 0.295 per share by the real estate investment trust on Monday, June 16th. This represents a yield of 6.6%. The ex-dividend date of this dividend is Friday, May 30th.

EPR Properties has raised its dividend by an average of 23.5% per year over the last three years and has increased its dividend every year for the last 1 years. EPR Properties has a payout ratio of 121.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect EPR Properties to earn $4.76 per share next year, which means the company should continue to be able to cover its $3.54 annual dividend with an expected future payout ratio of 74.4%.

EPR Properties Stock Up 0.9%

EPR stock opened at $54.18 on Friday. EPR Properties has a twelve month low of $39.87 and a twelve month high of $54.25. The company has a quick ratio of 7.81, a current ratio of 7.81 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average price of $50.02 and a two-hundred day moving average price of $47.74. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 23.46 and a beta of 1.26.

EPR Properties (NYSE:EPR) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.05. The company had revenue of $146.36 million for the quarter, compared to analysts’ expectations of $155.46 million. EPR Properties had a net margin of 28.87% and a return on equity of 8.22%. EPR Properties’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 EPS. Analysts anticipate that EPR Properties will post 4.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EPR shares. Stifel Nicolaus raised their target price on EPR Properties from $51.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, February 27th. Truist Financial upped their price target on EPR Properties from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, March 24th. UBS Group upped their target price on EPR Properties from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday. StockNews.com upgraded EPR Properties from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Royal Bank of Canada lifted their price target on shares of EPR Properties from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EPR Properties has a consensus rating of “Hold” and a consensus target price of $52.00.

Insiders Place Their Bets

In related news, SVP Gwendolyn Mary Johnson sold 3,900 shares of EPR Properties stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $54.02, for a total value of $210,678.00. Following the completion of the sale, the senior vice president now owns 8,216 shares of the company’s stock, valued at $443,828.32. The trade was a 32.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Tonya L. Mater sold 3,120 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $51.90, for a total transaction of $161,928.00. Following the sale, the chief accounting officer now owns 46,827 shares of the company’s stock, valued at $2,430,321.30. This trade represents a 6.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,520 shares of company stock valued at $502,581. Insiders own 2.31% of the company’s stock.

Institutional Investors Weigh In On EPR Properties

Several hedge funds and other institutional investors have recently modified their holdings of EPR. Goldman Sachs Group Inc. raised its stake in shares of EPR Properties by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 96,061 shares of the real estate investment trust’s stock worth $5,054,000 after buying an additional 976 shares during the period. United Services Automobile Association purchased a new stake in EPR Properties in the 1st quarter worth approximately $251,000. Finally, Empowered Funds LLC raised its stake in EPR Properties by 10.1% during the 1st quarter. Empowered Funds LLC now owns 8,746 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 804 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues that create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money.